22 comments:

Thank you President Obama for your bold and decisive leadership earlier this year. We are now bearing the fruit and coming out of the deep recession that gripped this nation. Enjoy your well deserved vacation sir!

Hopefully he finally gets a respite from that vast right wing conspiracy of nazis, mobsters, traitors, sinners, robber barons, and racists (have I missed any names the Dems. have flung around?) that have been preventing him from implementing his utopia.

So, while many of us cannot afford vacations because of the economy, and neither will our children and grandchildren, the President and his family are running off to an exclusive 28 acre getaway on Martha's Vineyard - where they will be spared the sight of unsightly wind turbines by the Senator who made the island famous.

Thank you President Obama for your bold and decisive leadership earlier this year. We are now bearing the fruit and coming out of the deep recession that gripped this nation. Enjoy your well deserved vacation sir!

If LEL did not post here a bit recently, I would have thought that this was sarcasm, or an attempt at humor. But I do believe he is serious.

It takes a decisive man to delay the release of bad budgetary news (shorting the debt by $2 trillion) by a week or two and then releasing it on a Friday evening as you're on your way out the door for a 10 day vacation.

Jayne,President Obama inherited the worst economic crisis since the Great Depression. When history is written it will show that it was better to jump start the economy with stimulus spending than to let it languish like what happen in Japan during the 1990s. Also, in the long run it would have added more to the national debt to have the economy in a long term slump. Getting the economy going will go a long way in reducing deficits. With a little work we should get back to having Clinton like surpluses by the end of the seventh or eight year of Prsident Obama's administration. :>

With a little work we should get back to having Clinton like surpluses by the end of the seventh or eight year of Prsident Obama's administration. :>

Now, Mr. Lee, I happen to agree with you that the financial institution bailouts and even the stimulus spending (has any been spent yet?) we necessary under the dire circumstances.

But "Clinton like" surpluses? You have to be totally out of your fucking mind to believe that. Huge growth in government expenditures, massive new programs (get a clue--health care will be costly), cap and trade taxes a drag on the economy, demographic shift to more retirees, less wage earners, problematic effect of tax increases, rising cost of energy, JUST TO NAME A FEW.

Final clue: There were no "surpluses" under Clinton. As we have under every President since the early 1980's, we were financing government by using tax receipts of social security to buy treasury bonds in the so called "trust fund" and the tax receipts in the Clinton "surplus" years were based on a unsustainable bubble economy. For the same reasons, the deficits were even worse than reported under Bush.

President Obama inherited the worst economic crisis since the Great Depression. When history is written it will show that it was better to jump start the economy with stimulus spending than to let it languish like what happen in Japan during the 1990s. Also, in the long run it would have added more to the national debt to have the economy in a long term slump. Getting the economy going will go a long way in reducing deficits. With a little work we should get back to having Clinton like surpluses by the end of the seventh or eight year of Prsident Obama's administration.

I think you very optimistically, and naively believe that Keynesian stimulus works and that the "stimulus" bill that was passed last winter provided that. I think that both are very much open for debate.

Indeed, why would the economy been in a long term slump? Why do you think that the "stimulus" bill, the budget Obama signed into law, Cap and Trade, and Health Care reform, individually, or combined would have helped the economy and/or reduced the deficit?

save_the_rustbelt said... There are some great vacation spots in Michigan, and given that our economy is collapsing a little tourism would help.

But then Obama seems to like those rich white folks=====================The problem with Michigan for a vacation is that Obama has a retinue of insiders. That connected people wish to network with.The Vineyard has the Black Elites, the Jewish families of money and clout who summer there, and the oldline WASP Elites. Celebrities!Those who aren't at the Vineyard can fly their private jets in quite easily from the Hamptons. Or the Harvard and Yale crowd who don't have private jets still can get there on a day trip..You might get to pass a card to Rahm's assistant at a lobster stand mentioning how your "max'd out for Obama" law firm is now representing Big Pharma and eager to help the Admin..

Michigan has none of that.

Flyover Country.

In a nation controlled by lawyers & Ruling Elite cabals - not The People - what Michigan wants only is important when you are forced to go there and make promises for votes...or cut backroom deals with Michigan's own power brokers from the Ruling Elites.